Securing financing is just one part of a home purchase. Voyager Village Realty, LLC is seasoned at helping both new and experienced buyers alike in all areas of real estate. Call us today at 715-259-4400 if your needs include a real estate pro ready for the business side of buying and selling.
Are you going to finance your home in Danbury? Voyager Village Realty, LLC can help.
Feeling lots of anxiety over applying for a mortgage? You don't have to be.
I've got great connections to various mortgage lenders in Danbury, and they've helped me recognize some things that make the process of applying for a loan a breeze.
1 – Compile a list of questions about your loan program
If you do not thoroughly understand the pros and cons of all the various loan programs, make sure you bring a list of questions.
It is often hard to know the distinctions between both fixed and adjustable rate mortgages. I or one of my lender contacts can assist you with understanding the advantages and disadvantages of both.
2 – Determine when you want to lock
When you lock in a rate, your lender is sure to commit to the interest rates for the loan – generally at the time the loan application is submitted.
By floating the rate, you can lock the rate at any time between application and at the time of closing. Those who choose to float believe that interest rates will drop in the near future. Click here to see the outlook for the next 90 days of interest rates.
3 – Decide if you want to pay additional points to lower your interest rate
Usually you can opt to pay additional points to lower the rate of your loan. Each point is 1 percent of the mortgage loan and is payable in cash at closing.
If you're uncertain if buying points is the best option for you, click here to use our points calculator.
4 – Gather your paperwork
Acquiring a mortgage loan requires lots of paperwork, so you should take some time to get your documentation together. Click here to get a feel for general information that goes on a loan application.